Management committee to run SpiceJet

The airline on Tuesday set up a management committee vesting with it executive powers to run the airline efficiently and effectively. Lalatendu Mishra reports.

SpiceJet is changing for the better in its preparedness to take American private equity investor Wilbur Ross on board. The airline on Tuesday set up a management committee vesting with it executive powers to run the airline efficiently and effectively.

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The committee comprises of Kishore Gupta, director; Samyuktha Sridharan, chief commercial officer and Parthasarathi Basu, chief financial officer. Rather than one CEO these three would collectively run the airline and would report to the board.

The post of chairman and managing director is lying vacant since Siddhant Sharma quit in July. Meanwhile, a part of the fund committed by Ross is expected to come in within a day or two. In the past two weeks SpiceJet has initiated several revenue enhancement measures to tide over the oil crisis.